Franklin Insurance Agency

2345 Southern Blvd SE Ste C4,
Rio Rancho, NM 87124, United States

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Understanding Which Valuable Items Are Covered by Your Home Policy

Many who purchase a home insurance policy may believe it automatically covers its structure and contents should something happen to it. However, the reality is far more nuanced than that. Knowing what’s covered and what’s not when it comes to your personal belongings will make all the difference should you find yourself facing a natural disaster or another emergency that impacts your home and its contents. If you’re shopping for home insurance in Albuquerque or Rio Rancho, NM, we’re here to give you the rundown on how much coverage you can expect to receive. 

Does My Home Insurance cover My Valuables?

You’ll be pleased to know that most of your home’s contents are covered by your home insurance, including things like furniture, clothing, electronics, and similar items around the house that you’re likely worried about losing in various scenarios. That being said, some items have sub-limits, meaning only a small amount of your total coverage will cover some of your belongings. These limits are typically placed on higher-end items like jewelry (including gold and precious stones), firearms, and even larger items like watercraft. Making sure to schedule your items is crucial to getting the proper coverage. It’s also worth mentioning that your insurance might not cover certain types of damage. For example, if your home isn’t covered by flooding, damage to your items caused by flooding won’t be covered either. 

Cover Your Home’s Contents With the Help of Franklin Insurance Agency

Here at Franklin Insurance Agency in Rio Rancho, NM, we understand the importance of having the right amount of coverage to ensure your home and your belongings are protected. We’re here to make sure that happens. Compare quotes today or contact us if you need additional support as you look for the right home insurance policy!

Is RV Insurance a Requirement?

Having RV insurance is a crucial aspect of RV ownership. It provides financial protection when unexpected incidents occur and ensures that you stay on the road. At Franklin Insurance Agency in Rio Rancho, NM, we guide customers in finding the right insurance policy according to their needs.

What Is RV Insurance Really?

Essentially, RV insurance is a contract that pays for vehicle fix-ups or medical bills when a covered event occurs. Similar to auto insurance, RV insurance offers varying protection forms, such as liability coverage or comprehensive coverage, which is chosen based on various factors like the RV’s age, repair ability, driving frequency, and more.

Is RV Insurance a Mandate?

Most states necessitate RV Insurance. However, the required coverage amount varies from state to state. Your insurance agent at Franklin Insurance Agency, Rio Rancho, NM, can clarify adequate insurance coverage for your RV.

Additionally, if you have financed your RV through a loan, your lender might require insurance coverage. This helps protect their investment if an accident occurs. The lending bank might even demand higher insurance coverage than the state requirement, which should be factored in while budgeting for a new RV.

What Type of People Need to Buy an Umbrella Policy?

Holding auto, boat, and home insurance policies is a wise move, but what happens when claims made against you exceed your policy’s limits? Here at Franklin Insurance Agency in Rio Rancho, NM, we can assist you in accurately estimating the amount of insurance you’ll need. Suppose you face circumstances that could inflate the potential cost of a claim. In that case, our insurance agents are here to help you understand the benefits of umbrella insurance.

Who Benefits from Umbrella Insurance?

Umbrella insurance is designed to extend your current liability insurance limits. If you have substantial savings or have recently made valuable upgrades to your home or auto, you may require the enhanced liability coverage an umbrella policy provides. People with potential injury-causing amenities like pools or trampolines, hunters, sports coaches, landlords, and owners of certain dog breeds stand to benefit significantly from umbrella insurance. These individuals often face increased liability claim risks involving extensive claims.

In such scenarios, an umbrella policy can offer significant financial protection by paying out claims that exceed your standard policy limits. Our professionals at Franklin Insurance Agency can further explain umbrella policies and address all your other insurance queries. Serving residents of Rio Rancho, NM, since 1986, we have a range of insurance solutions to suit all your needs. Call us today to discuss your insurance options with one of our seasoned agents.

Insurance Tips for Vintage Motorcycle Owners

Essential Insurance Tips for Vintage Motorcycle Owners in Rio Rancho, NM

Owning a vintage motorcycle is an exhilarating experience. Nevertheless, it presents unique insurance considerations. At Franklin Insurance Agency, serving the greater Rio Rancho, NM area, we are here to offer some crucial tips for vintage motorcycle owners:

Specialized Coverage

Vintage motorcycles often necessitate specialized insurance coverage. This is tailored to their unique value and historical significance; standard motorcycle insurance won’t adequately protect rarities and valuables.

Agreed Value Policy

You should consider an agreed-value policy over an actual cash-value one. This type of insurance ensures that an agreed-upon amount will be paid in the event of a total loss.


To determine its genuine value, obtaining a professional appraisal for your vintage motorcycle is important. This report is critical when negotiating coverage options with your insurance provider.

Mileage Restrictions

Some vintage motorcycle insurance policies might come with mileage restrictions. Understanding any limitations on your bike’s usage is essential to shape your coverage needs.

Safety and Security Measures

Installing anti-theft devices, alarm systems, and GPS tracking devices adds an extra layer of protection and can also help lower your insurance premiums.

Rider Qualifications

Ensure your vintage motorcycle policy covers all potential riders. Some policies might implement age or experience prerequisites for insured riders.

Protecting your vintage motorcycle with the right insurance coverage is instrumental in safeguarding your investment and providing peace of mind. For a personalized approach and comprehensive coverage solutions in the greater Rio Rancho, NM region, contact the team at Franklin Insurance Agency today.

Rio Rancho, NM Roads: Decoding Auto Insurance for Confident Driving

Rio Rancho, NM, offers a distinctive driving experience that demands a nuanced approach to auto insurance. As motorists travel through the roads connecting the Enchanted Hills and Loma Colorado neighborhoods, Franklin Insurance Agency stands as the local authority, delivering a comprehensive guide to unraveling auto insurance intricacies and promoting assured driving.

Understanding Rio Rancho

Rio Rancho’s roads showcase diversity akin to its landscapes, presenting distinct challenges and opportunities. Whether driving along the serene stretches of Unser Boulevard or navigating the vibrant activity around Southern Boulevard, local drivers need insurance coverage tailored to the dynamics of each road. Franklin Insurance Agency recognizes the importance of customizing coverage to Rio Rancho’s driving environment, offering a guide that considers the nuances of each street.

To maneuver through neighborhoods like Cabezon or Northern Meadows requires an insurance approach attuned to the residential intricacies. Similarly, the bustling commercial corridors necessitate coverage that protects against the unique challenges posed by businesses and high-traffic zones. Franklin Insurance Agency’s guide ensures drivers receive an insurance strategy tuned to their local terrain.

Tailored Coverage for Every Rio Rancho Street

Auto insurance isn’t a one-size-fits-all solution, especially on the diverse streets of Rio Rancho. Franklin Insurance Agency understands the significance of providing coverage for the area. From the scenic drives along King Boulevard to the community-centric vibe of Golf Course Road, our guide ensures Rio Rancho drivers access personalized insurance solutions that cater to their individual needs.

As your local insurance partner, Franklin Insurance Agency goes beyond conventional policies, empowering Rio Rancho drivers with knowledge. Our comprehensive guide serves as a decoder, unraveling the complexities of auto insurance on every street, from NM-528 to Westside Boulevard. Connect with Franklin Insurance Agency today for a personalized guide through the auto insurance landscape, ensuring you drive confidently on Rio Rancho’s roads.

What Is Umbrella Insurance? Three Things to Know

If you’re shopping for homeowners insurance, boat insurance, or auto insurance, you may be asked if you’d also like to purchase umbrella insurance. Many people don’t even know what umbrella insurance is and aren’t sure if it’s the kind of insurance they need or could benefit from.

We’re happy to answer these questions at Franklin Insurance Agency serving Rio Rancho, NM. Knowing how umbrella insurance can protect you can help you make an informed decision as you’re shopping for the right insurance policy. 

What Is Umbrella Insurance?

Umbrella insurance is a type of insurance policy extending the liability coverage offered under your homeowner’s, auto, or boat insurance. Umbrella insurance can help protect you from financial liability if a third party sustains bodily injury or property damage. Umbrella insurance is a separate policy that works with homeowners’, auto, and boat insurance. 

Should You Get Umbrella Insurance?

Umbrella insurance is a good idea for you if you have substantial wealth or sizable savings and other assets, own a trampoline or a swimming pool, coach kid’s sports, and are a landlord. Your insurance agent can help you decide if umbrella insurance suits you. 

How Can You Get Umbrella Insurance?

You can get an umbrella insurance policy you can trust by contacting Franklin Insurance Agency serving Rio Rancho, NM. Our insurance experts are here to help you get the insurance policy that will most benefit you. Umbrella insurance is complicated, so it’s best to work with an expert who can answer your questions and help you make an informed decision before getting this type of insurance. Call today. 

What are common motorcycle insurance exclusions?

New Mexico law requires motorcycle operators to show proof of responsibility by, for example, providing evidence of insurance meeting the minimum requirements for property and bodily injury. Of course, many additional forms of coverage are available to motorcycle owners, but violating your policy terms may result in not being covered for an accident. To discuss insurance exclusions or other aspects of motorcycle insurance, the Franklin Insurance Agency team serving Rio Rancho, NM, is here to help.

Common Motorcycle Insurance Exclusions

Insurance exclusions are provisions in your policy that eliminate coverage under certain circumstances. Typically, exclusions address unsafe uses, behaviors, equipment, or other factors that increase the risk or severity of an accident and the resulting losses. Motorcycle insurance exclusions vary by policy and the coverage purchased, but typical exclusions are damages and injuries that occur while:

  • Racing or riding in an organized race, whether on a temporary or permanent racetrack
  • Committing a criminal act
  • Acting as an employee or for hire, such as delivering products or transporting passengers
  • Riding recklessly or during an act of intentional act to damage property or hurt others or yourself
  • Under the influence of alcohol or controlled substances such as cocaine, marijuana, or narcotics
  • Lending your motorcycle to another driver not named in your policy.

Your policy details each exclusion, so we recommend you review each with your agent to ensure you understand them and the steps needed to ensure compliance while riding. Compliance also helps ensure you operate your motorcycle safely and responsibly.

Working With Franklin Insurance Agency

If you live in or near Rio Rancho, NM, the friendly team at Franklin Insurance Agency is ready to address all your motorcycle and other insurance needs. So, give us a call or stop in to see us today.

Four reasons why it might be time to update your auto insurance policy

You need to update your auto insurance coverage periodically to protect your finances. At Franklin Insurance Agency, we can help motorists in Rio Rancho, NM get adequate auto insurance coverage.

The following are four reasons why it might be time to update your auto insurance policy.

You’ve relocated. 

Auto insurance policies are typically specific to a certain state or address. This means that it’s essential for you to let your auto insurance provider know when you move.

You need to add a new driver to your policy.

You might have a family member or housemate who uses your vehicle frequently. If this is the case, your auto insurance provider should know. 

You cannot assume that your auto insurance policy will cover you when other motorists use your vehicle. Be sure to get other motorists listed on your policy if you need coverage when others use your vehicle. 

You’re using your vehicle more or less frequently.

Auto insurance policies are usually customized to accommodate the amount of usage that a vehicle gets. If you use your vehicle more or less than before, let your insurance provider know so your policy can be tailored to your needs. 

You need to add a new vehicle to your policy.

An auto insurance policy can typically cover multiple vehicles. However, you need to notify your insurance company that you’ve bought a new vehicle if you want to be sure that your policy covers your new vehicle. 

We’re here to help you when you need to update your auto insurance coverage in Rio Rancho, NM. Call us today at Franklin Insurance Agency for more information on your auto insurance options. 

Do You Need Commercial Insurance for Your New Mexico Business?

Our agents at the Franklin Insurance Agency serving the Rio Rancho, NM area want all business owners to know and understand the options they can choose from and what is required for commercial insurance, also known as business insurance.

Is Commercial Insurance Required in New Mexico?

There are several types of commercial insurance, but there are a few that are required in the state of New Mexico. Those include auto liability insurance and workers’ compensation insurance.

Auto Liability Insurance

All vehicles in New Mexico must be insured with at least an auto liability insurance policy. This law applies to any vehicles you use for your business or those your business own. This type of insurance will help pay for the other driver’s injuries or property damage in an accident. This type of insurance also applies to the theft of your business-owned vehicle or damage that occurs to a vehicle owned by your business.

Workers’ Compensation Insurance

If you have three or more employees, you will be required to have a workers’ compensation insurance policy in place to help pay the possible costs of an injured worker or legal fees associated with a workers’ compensation claim.

Types of Commercial Insurance Coverage Options

General Liability Insurance

This type of insurance can help you pay legal bills associated with a customer who suffered an injury at your business or if you are involved with libel or slander. It will also help pay the medical bills of an injured customer while visiting your business.

Commercial Property Insurance

If you own the property where your business is located, this type of insurance will help you out if there is a fire or natural disaster. It can also help if your inventory is damaged or lost due to theft or vandalism.

Other Types of Commercial Insurance

Our agents can assist you in explaining the other types of commercial insurance available, such as professional liability, product liability, cyber liability, business interruption insurance, and several others.

Contact Franklin Insurance Agency

Contact our agents at the Franklin Insurance Agency serving the Rio Rancho, NM area to get your commercial insurance policy started today!

Is Outdoor Property Covered by Home Insurance?

A homeowner’s insurance policy provides coverage for various risks that may impact your real estate investment and its occupants. If you live in and around Rio Rancho, NM, the insurance professionals at Franklin Insurance Agency can help you determine how best to protect your home, family, and assets.  

Does Homeowner’s Insurance Cover Outdoor Property?

Yes, a policyholder’s outdoor property will be covered; however, the scope of insurance will be contingent on the terms of the policy you hold. The outdoor items that are generally covered by a home insurance policy include –

Outside Property Structures

Standard home insurance policies often cover structures on your property, such as an outdoor shed, a fence, or a detached garage. Coverage is usually a percentage of the main dwelling coverage limit.

Outdoor Personal Belongings

Homeowners’ insurance typically covers Outdoor personal belongings, including outdoor grills, patio furniture, or lawn equipment. Note that policy limits may exist, so high-value items might best be covered by a special endorsement.


Landscaping, including plants, flowers, and trees, is not typically covered by a homeowner’s insurance policy; however, driveways and retaining walls might be covered if damaged by a covered event.

Liability Coverage

A homeowner’s policy will often include liability coverage should an accident happen (for which the insured is found to be legally responsible) in the property’s backyard or driveway.  

Contact a Leading Rio Rancho, NM Homeowners Insurance Firm

If your home has unique or valuable outdoor features, discussing available coverage options is a smart idea to ensure your home and family are sufficiently protected. To speak with an insurance professional at Franklin Insurance Agency about homeowners’ insurance coverage to meet your needs, contact a Franklin Insurance Agency staff member at 505-891-8733 or online.